Ottawa’s Trusted Real Estate Closing Lawyers.

In recent years, several Canadian municipalities—including City of Ottawa, City of Toronto, City of Hamilton and City of Windsor —have introduced a Vacant Unit Tax (VUT) as part of their property tax systems. This tax is applied to residential properties that remain vacant for a defined portion of the year. The goal is to encourage […]

When most people talk about a mortgage, they are referring to the loan used to purchase a home. In legal terms, however, a mortgage is not the loan itself but rather the security registered against real property that guarantees repayment of that loan. The lender advances funds to the borrower, and the borrower agrees that […]